The speech was a lot/load of 'waffle' about politics.
He had 'waffles' for breakfast.
(..) - Okay! Okay! - But one night only. - Ah! Thankyou! - What are you-- No! No! - This is gonna be fun! We can stay up late, swappin' manly stories, and in the mornin' I'm makin' waffles. - Oh! - Where do, uh, I sleep? Outside! Oh, well, I guess that's cool. I mean, I don't know you, (..)2001 Shrek